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Auckland’s property market plateaued for a couple of months (December and January) but sales activity picked up in February. There were more property listings last month than in February 2015 plus a modest increase in the average asking price. RealEstate.co.nz reports Auckland’s average property price increased by a modest 4.5% on the previous month, January.

The low end property market has experienced small increases in value growth so there’s an opportunity right now for first home buyers and banks are showing them how to prepare for a low deposit loan. Property investors are usually in the firing line for all the wrong reasons however the low property value growth is due to their higher than usual market share of low end property sales.